Amador County, CA. Real Estate Market Report. January 2, 2010

Inventory is again down this month but it is mostly just the season… Today, January 2, 2010 (Happy New Year!) the Amador County Association of REALTORS® MLS shows a total of 327 active residential listings in Amador County, down 51 from last month’s 378.

These listings have a $ 365,571 average listing price, down about three thousand dollars from last month’s average of $368,463.

The average number of days on market for these listings is 207 days, a little bit better than last month’s 214 days.

In the last month Amador County has had 57 new listings and 31 listings have sold.

Today the lowest priced listing is The same 960 square foot manufactured home on a large .30 acre lot in Meadow Pines (Pioneer) It has 2 bedrooms and 2 baths, new carpet, vinyl, paint, and fixtures and even a pellet stove in the living room. This home was listed at $28,000, Last Month it dropped to just $9,950 without the land. Space rent is $490 per month. Water is $34.96 per month Septic is $18.50 per month. This park DOES include children.

The highest priced listing is a big operating vineyard on over 137 acres in “The Valley.” It is offered for $5.1 million. This one has not dropped.

This month three Castle Oaks houses are in a tie for the median priced listing. All three homes are New JTS “green” homes, as they are built to today’s title 24 standards. They are each 4/2 with 1800 square feet. Giving a cost pre square foot of $149.99.

At the rate of sales last month, it would take less than 11 months to deplete the current Amador County Real Estate inventory (if no new listings were made). This is often looked at to decide basic market trends. This number is up a little from last month’s 10 month’s inventory. Not moving the direction I would like to see but also not changing very much. This is also more than likely due to the season, so don’t let it get you down.

The National Association of Realtors sometimes defines a market with over six months of inventory as a “buyers market”. Up here in the foothills inventory is often somewhat slower to move. Nonetheless, with almost a year of inventory, buyers that are ready, willing, and able, should have their pick.

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